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Most individuals and companies doing business in the District of Columbia must obtain a Basic Business License from the Department of Consumer and Regulatory Affairs. [6] Separately, organizations (including non-profits and cooperatives, but not including sole-proprietorships and general partnerships) must register their business.
There are three main forms of business: (a) Sole Proprietorship (b) Partnership (c) Company Sole Proprietorship; In a sole proprietorship, an individual on his/her own account carries out the business or profession. No formal procedure or formality is required for setting up a sole proprietary concern. Partnership
A crucial component of a sole proprietorship within a business plan is the provision of an inherent guideline, for actions that require implementing for a business to achieve growth. The business name and products are critical aspects in the founding of a sole proprietorship and once selected, should be protected.
If you run your own business, even a sole proprietorship, you can get tax advantages for contributing to a self-employed retirement plan such as a solo 401(k) or SEP IRA.
An anti-money laundering law called the Corporate Transparency Act, or CTA, is now back in action after a Dec. 23 court ruling that will require millions of small business owners to register with ...
In an effort to strengthen consumer financial protections in California, Governor Gavin Newsom in 2020 proposed an initiative [3] to modernize and revamp the Department of Business Oversight (DBO). The measure included an increase in staff and authority, to enhance the department's regulatory scope and enable it to become a national model for ...
With a high growth in the number of women small-business owners between 2012 and 2020 (22%) and a high employment rate among women (60%), Utah is a great place for women small-business owners to ...
According to "The Family Business Review", "there are approximately seventeen million sole-proprietorship in the US. It can be argued that a sole-proprietorship (an unincorporated business owned by a single person) is a type of family business" and "there are twenty-two million small businesses (fewer than five hundred employees) in the US and ...
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